I like the analogy to blackjack. But I think what’s better is poker. Poker you can play the best and have statistical advantage ;Poker and trading have very similar characteristics. You need risk management even with the best hands and statically will lose a good amount of times and you need proper risk and bankroll management
Hey Nick, did you back-test only the technical component of your strategy, or did you also incorporate historical fundamental data? Thanks for the video.
I think a great additive to the edgefinder would be time frames. Like for example, GU is bearish with a -10, but it’d be nice if there were 5m 15m 30m 1h and so on to help with entries. Just a thought
A maximum drawdown of 40% on the account is pretty harsh already. I'm almost surprised that you are willing to go that high. I'm a high risk trader I guess, but I try to keep max drawdown at something like 25% which should already allow me to grow equity very quickly, with a decent strategy.
Good video Nick. Especially when you said “ You can be the master of all things trading , but comes to nothing without Risk management 😂
Nick, probably the best looking trader on YT. Thanks good video!
Nice and informative video.
I’ll come back after back testing.
I like the analogy to blackjack. But I think what’s better is poker. Poker you can play the best and have statistical advantage ;Poker and trading have very similar characteristics. You need risk management even with the best hands and statically will lose a good amount of times and you need proper risk and bankroll management
Well said!
Hey Nick, did you back-test only the technical component of your strategy, or did you also incorporate historical fundamental data? Thanks for the video.
I think a great additive to the edgefinder would be time frames. Like for example, GU is bearish with a -10, but it’d be nice if there were 5m 15m 30m 1h and so on to help with entries. Just a thought
well, how about u put ur money i edgefinder and it trade for u🙃
Edgefinder is for fundamental analysis not entries
The key is position sizing
Hello, nick which broker are you using if you can give link please and if you have any bonus code ? Thanks
Here you go! All offers and promos we have: a1trading.com/brokers
How much do you risk per trade to have a max drawdown of 40%
Nice video
Thanks.
Nice video nick. Is possible for a strategy to have over 10 loosing streaks in a row sir?????
Yes
Absolutely! Especially if you trade with a large reward to small risk ratio
Hello nice video
how much trades should i take per day or per month it is okay to take 2 trades a day?
If the set ups present themselves.
A maximum drawdown of 40% on the account is pretty harsh already. I'm almost surprised that you are willing to go that high. I'm a high risk trader I guess, but I try to keep max drawdown at something like 25% which should already allow me to grow equity very quickly, with a decent strategy.
40% is a very unusual case. For me, in my backtesting, this occurred in the 2008 financial crisis.
@@TraderNickYour backtests are long 🤠
I just blown my account due to risk management... i hate why am i always so greedy to fast up my account ... my strategy work it is always my size ...
40% drawdown , you mean 60% win rate?
The secret is 😂 having a magic strategy that give you 100% returns everytime 😂😅
Wouldn't that be nice...
Being audacious & insolent at Market....😂😅 all ends in tears
I wonder if Nick is a card counter😂
Forex tester has always been awful for me. Constant holes in the data and clunky software.
You trade 10 minute a day and now your a software salesmen not a trader!!! ???🤔🧐
hi
Trading with an edge is martingale. 🙏
How lol?
@@William.-. lol probably works better on options.
@@William.-. insert your own edge and add martingale. Profit
@@OceanicEstate martingale isn't a successful strategy though. I have tried it and blown up. Do you know how to improve it?
@@William.-. I am also very skeptical of Martingale. Haven't seen a successful example
your gold analysis is fail😊
First to view
Supply and demand
Risk management
You master those 2, then you can call yourself a trader 😊
Throw risk management in there and you've got a chance!